For instance, if while in one Central American country you changed dollars into that country's currency, then traveled to another country, would you be able to use the currency of the first country?
Update:Thanks Charlie - not the answer I was hoping for, but I appreciating knowing.
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No. You would need to exchange the currency at a bank. Best to take out local currency as needed at an ATM...and try not to have much left over when going to next country.
You cannot but you can change them into the currency of the next country without a problem. Sometimes stores in border crossing towns will take both currency however.
Yes, each country does recognize each others currency.
@Charlie: The banks charge a commission in order to exchange one's U.S. dollars to another currency!
You will need to take your money to an exchange house and they will be able to give your money in new currency!